Malaysia Property News is a free resource website sharing Daily Property News & information about Property in Malaysia, which related to, Property Market, Property Investment, Commercial Property , Hot Properties Malaysia, Real Estate, Retail Shop, Business Park, Condominium Malaysia, Terraces & Apartment Malaysia, Houses, Residence, Resort and many more.

Thursday, July 17, 2008

Iskandar Malaysia woos RM33m investments

ISKANDAR Malaysia has attracted RM33 billion investments so far or 70 per cent of the RM47 billion needed to develop the region, the Dewan Rakyat was told today.

Deputy Minister in the Prime Minister’s Department SK Devamany said the government had provided “adequate and comfortable” infrastructures to woo more foreign investors to invest in the area.

The government had allocated RM4.3 billion to finance infrastructure projects in Iskandar, he said when tabling the Supplementary Supply Bill 2008 at committee stage.

Devamany also said projects approved for implementation at the East Coast Economic Region (ECER) have started operations.

Among them are agropolitant projects to eradicate poverty in the agriculture sector and setting up of the Centre for Academic Excellence at Universiti Malaysia Kelantan to stimulate human capital development.

Projects at other development corridors were still at planning stage, he said.

Devamany said the government would ensure development plans for all the corridors were implemented well to generate economic activities and woo investments to the areas.

The government had set aside RM173.2 million to meet the operational expenditures of the Iskandar Regional Development Authority, Northern Economic Development Council and East Coast Economic Regional Development Council besides financing the Managed Portal Services project, expanding rukun tetangga sectors and voluntary patrol scheme, added the Cameron Highlands MP.

By Bernama

No comments: